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NY A10571
Bill
Status
Introduced
7/6/2022
Primary Sponsor
Michael Lawler
Click for details
AI Summary
- Doubles the income standard used to calculate the enhanced STAR property tax deduction for final assessment rolls completed after January 1, 2023
- Maintains the existing formula for assessment rolls completed between 2004 and 2022, with income standards advanced by one year and adjusted by cost-of-living increases
- Creates a new calculation method for 2023 and beyond that doubles the previously-applicable income standard before applying cost-of-living adjustments
- Takes effect immediately and applies to assessment rolls completed on or after January 1, 2023
- Known as the "Two STAR Act"
Legislative Description
Increases the enhanced STAR property tax deduction for tax for final assessment rolls to be completed after two thousand twenty-two.
Last Action
referred to real property taxation
7/6/2022
Committee Referrals
Real Property Taxation7/6/2022
Full Bill Text
No bill text available